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Affirming the growth of AI in the area, a report launched by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their jobs over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are all set to release AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to permit for experimentation and development," stated the report.

Top magnate, policymakers and investors from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, business leaders, financiers, and market professionals participated in the very first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for vital items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how organizations can benefit from the changing patterns of international need and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as a details and research centre, by providing service documents, providing legal services, assisting in networking opportunities by means of signature business occasions and delivering practically every possible service solution, it stated.

GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however slow somewhat. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.

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SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging local investment landscape appears promising.

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Reacting to a question on regional start-ups' potential customers of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot going for us in the area: the low expense of energy, a very progressive government that is ahead in policy, policy and data privacy; and truly strong universities that are increasingly taking a look at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this area, specifically the GCC, become an AI superpower.

Our most significant motorist today is buying talent, due to the fact that in the AI race, it's the technical skill that truly wins."Focusing on the appearance of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.

"International growth funds are being available in, which shows clear signs of maturity of the environment The capability of the UAE and local governments to attract skill; their innovation-first technique, abundance of capital here as well as inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.